Question: A 2 0 - year - old student wants to save $ 5 a day for her retirement. Every day, she places $ 5 in

A 20-year-old student wants to save $5 a day for her retirement. Every day, she places $5 in a drawer. At the end of EACH year, she invests the accumulated savings in an automated account with an expected annual return of 11%, paid annually.
A) If she begins saving today; How much money will she have when she is 65?(2 points)
B) If she did not start saving until she was 45 years old, how much would she have at 65?(2 points)
C) How much must the 45-year-old place in her desk daily to catch the 20-year old? (2 points) Assume annual deposits & interest payments.

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